MJBizMag July 2022 - 72

MJBizDaily Buyers Guide Extraction
mjbizdaily.com
Technical support is a key consideration when choosing a supplier or vendor for extraction supplies.
BEST PRACTICES IN SOURCING SOLVENTS
AND SOLVENTLESS MATERIALS
Sourcing raw materials for cannabis extraction is not as easy as simply searching for the least
expensive product online and hitting the checkout button.
Product manufacturers who purchase solvents and supplies from third parties must consider
several factors when vetting suppliers. Considerations might include inventory consistency and
verifying whether a vendor's brand values align with those of the extraction company.
CONFIRM THERE IS CONSUMER DEMAND
BEFORE INVESTING IN EXTRACTION MATERIALS
When starting to shop for raw materials, companies should first make sure there is enough demand
for the products they plan to sell.
" I would caution aspiring businesses to just be sure that they have a market for their finished
products before sourcing their materials, " says Karen Devereux, co-owner and vice president
of Northeast Kingdom Hemp, a craft-size, family-owned hemp cultivation and CBD product
manufacturing operation in Vermont.
In Colorado, for example, the ongoing decline in product sales over the past year has contributed to
the closure of entire retail chains across the state.
12
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MJBizMag July 2022

Table of Contents for the Digital Edition of MJBizMag July 2022

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